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Atul Auto, Federal Bank finalises a financing deal

On Wednesday, Federal Bank has tied up with Atul Auto (AAL) for a dealer financing arrangement.

“Federal Bank has entered into a tie-up arrangement with Atul Auto (AAL), a Rajkot-based leading manufacturer of 3-Wheeler commercial and passenger vehicles for a dealer financing arrangement,” it said.

“Under this arrangement, the bank will finance 100 per cent of the invoice amount with nil margin to registered dealers of AAL for purchases made from the company,” it added.

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